Crypto World
Gloria Steinem's Long History With TIME

Over the course of her long and influential life, Gloria Steinem went from being described in the pages of TIME as “one of the best dates to take to a New York party these days” and “smashing looking Gucci liberal” to being lauded as a “feminist icon.” If nothing else, the shift in the tone of her coverage in the magazine provides a window into the change in attitudes toward women that she helped engineer over the course of her 92-year life, which ended on Sept. 2.
Let’s add one more description to the list: durable dynamo. Steinem never outlived her ability to be relevant, inspiring several generations of women to organize and strive to be given the same opportunities as men. She never stopped blazing a trail for those who faced a particularly dense thicket and she never thought small. “I believe that things are a circle, not a hierarchy,” she said to TIME in 2011. “The kind of society we are striving toward is one in which things are linked not ranked. And one in which we understand that the women’s movement and the anti racist movement and the gay movement and the environmentalist movement, they’re all linked.”
Steinem was born on March 25, 1934, to a homemaker mother and a father with, she later said, only two points of pride: “He never wore a hat, and he never had a job. He was always going to make a movie, or cut a record, or start a new hotel, or come up with a new orange drink.” She didn’t spend a full year in school until she was 12, when her parents split and she ended up living with her mother, whose mental health was in a dire state, in East Toledo, Ohio. At 16, she was sent to live with an aunt in Washington. Before that, she says, “I’d never lived any place to invite anybody home to. I thought that people always ate out of refrigerators.”
After graduating from Smith College in 1956, she spent two years in India on a fellowship (and also to get out of an engagement), then came home to work in Cambridge, Mass., for a group encouraging American students to attend Communist youth festivals abroad. It was later revealed to be CIA-funded, but Steinem was unfussed, saying she “was happy to use the Establishment’s money against the Establishment.”
In 1963, she famously published a first-person account of her glamour-free month undercover as a Playboy Bunny in Show magazine. It was her big break, and it also threatened to be her curse, since at first she almost exclusively got offered assignments along the same lines. This was the period when TIME thought it important to note an appearance in which she wore “a Luis Estevez creation that consisted of five widely spaced bands of chinchilla held together by transparent black net. In between was supposed to be little more than a bare bodkin.”
She later got hired at the fledgling New York magazine, where in 1968 her first story was about Vietnamese leader Ho Chi Minh’s stint as a New York City waiter and laundryman. As she steadily found her journalistic feet, she began to find her calling: to use her charm, wit and platform to promote equality. Steinem understood the fear that these ideas stirred up in people. “Women don’t want to exchange places with men,” she wrote in an essay for TIME in 1970, shortly after the magazine identified her as “a trim, undeniably female, blonde-streaked brunette who has been described as ‘the thinking man’s Jean Shrimpton.’ ” She went on to add: “But we do want to change the economic system to one more based on merit. In Women’s Lib Utopia, there will be free access to good jobs—and decent pay for the bad ones women have been performing all along, including housework.”
Inevitably, her activism moved beyond writing to organizing. In 1971, along with Shirley Chisholm, Bella Abzug, Betty Friedan and several others, she convened the National Women’s Political Caucus to try to get more women into government offices. Shortly after that she co-founded Ms. magazine, which she described as “a how-to magazine; not how to make jelly but how to seize control of your life.” TIME’s writers, by this time calling her “feminism’s superstar,” finally began to acknowledge her impact. A story about the 1972 Democratic convention—titled, alas, “Eve’s Operatives”—opened with: “Gazing around the convention through her blue-tinted glasses, Gloria Steinem pronounced with satisfaction: ‘We’ve changed the population here. It almost looks like the country. What she meant was that women are 52% of the nation’s population, and last week close to 40% of the convention delegates were women—a dramatic jump over their 13% representation at the 1968 Democratic Convention.”
There was a still way to go, however—both for women and for TIME. “Decorative as the women were in their bell-bottom trousers, miniskirts, jeans and hot pants,” the magazine went on to say, “they were not there to be on display but to seek power. Except for a couple of setbacks, they got enough to satisfy and even surprise them.” After the crushing loss of Democratic Presidential Candidate George McGovern to Richard Nixon, Steinem’s political campaigning took a backseat to her advocacy work. The 1977 women’s conference, which she has called “the most important event that nobody knows about,” remained one of her proudest achievements, even as it sparked a conservative backlash and perhaps the founding of the religious right.
As the decades passed, Steinem’s activism grew to encompass more than women’s equality. She campaigned on behalf of native people, was arrested while protesting apartheid, publicly opposed the first Gulf War, advocated for disarmament in Korea, spoke against child abuse, female genital mutilation and pornography, and was an early supporter of LGB rights. (It took her a little longer to endorse the transgender movement.) Her advocacy was always couched in pragmatism and compassion. She pointed out that the pedestal women were put on was “as much a prison as any small, confined space” and called her 2019 memoir The Truth Will Set You Free, But First It Will Piss You Off! Writing, her first calling, remained one of her great loves—”the only thing that, when I do it, I don’t feel I should be doing something else.” She published books throughout her career, many of which, including her first memoir, 1983’s Outrageous Acts and Everyday Rebellions, were bestsellers, and she had another one due out this fall. (She often joked that she wished her books didn’t get republished so much because it would mean they were no longer relevant.)
By the ’90s, Steinem had scored a TIME cover, albeit one about a pushback against feminism, after her book about female self esteem—Revolution From Within—was a bestseller. “As she tours shopping malls, Steinem is being mobbed by crowds that, according to one bookstore owner, exceed those of Oliver North and Vanna White, the backlash icons of American manhood and womanhood,” Nancy Gibbs wrote. As well as writing her own books, Steinem contributed to countless others, appeared in more than 120 films, help produce several documentaries and inspired the 2019 Off Broadway play, Gloria: A Life. She cast her gaze domestically, locally, nationally and globally, founding Equality Now, which aimed to elevate and protect the rights of girls and women internationally.
Somewhere around the turn of the century, the times—and TIME— caught up with Steinem; her ideas became mainstream and her words and activities were covered with the kind of reverence reserved for icons. In 2013, President Barack Obama awarded her the Presidential Medal of Freedom. Half a century after writing her Women’s Lib Utopia essay for TIME, she annotated it, warning that women had made many advances but that the “time of greatest danger comes after a victory, and that’s where we are now.” (She also noted that she found out later that she had been paid less than the men who wrote for the same issue.)
Through it all she kept one of her less acknowledged gifts intact: her sense of humor. She did not come up with the classic feminist saying that women need men like a fish needs a bicycle, but she popularized it. She was always threatening to get a back tattoo for her 70th birthday. So frequently was she asked about her beauty secret that she came up with the perfect reply: “Revolution,” she would say. “It keeps you young.”
In 2011, TIME asked what she would do if she only had two years to live. “It seems to me one of the uses of age is to help you know what you want to do and keep from wasting time,” she said. “And I have this unfortunate notion that I’m immortal, which doesn’t cause you to plan very well. I think it would be mainly about writing and seeing friends, my chosen family. And writing what I believe. And maybe living with elephants. I do still want to live with elephants.”
Crypto World
Top Pi Network Price Predictions as PI Rises 13% in a Month
The native token of Pi Network has rebounded from its all-time low set earlier this summer, and many market observers now anticipate further gains in the near future.
Certain technical indicators also support the bullish perspective.
Breakout Setup?
PI currently trades at around $0.094 (per CoinGecko), representing a 13% monthly surge and a 34% increase from its July historic bottom. Its market capitalization has climbed back over the psychological $1 billion mark, making it the 68th-largest cryptocurrency.
X user OxNeena noted that the token is holding a key support zone around $0.09-$0.10 after a long consolidation, foreseeing a major push above $0.30 if bulls reclaim $0.20.
Nakamoto Files and CT News also weighed in. The former claimed that “something is moving behind the scenes” at Pi Network, arguing that PI might be gearing up for a move that nobody expects.
“The ecosystem is evolving. The pieces are falling into place. Is the PI wave finally coming?” they asked.
For their part, CT News highlighted Bitcoin’s solid performance throughout August, adding that PI remains near the floor. In their view, if the next altcoin rotation reaches Pi Network, the token could move much faster than people expect.
“The sleeping giant may not stay asleep forever,” the X user added.
PI’s Relative Strength Index (RSI) supports the positive scenario. The ratio has plunged to nearly 30 on a weekly scale, suggesting that the coin is nearing oversold territory, which is typically seen as a buying opportunity.

Of course, not all are so optimistic. Crypto With Gopal opined that PI has formed a rising wedge, with price grinding higher within the formation and momentum compressed near the $0.095 resistance.
“A breakdown could send PI toward the $0.085 target. Bears are watching the wedge closely – short-term sentiment leans bearish,” he estimated.
Burning Mechanism on the Way?
Lately, there has been growing speculation that the controversial crypto project is on the verge of integrating a burning program that could reduce the token’s supply and positively impact the price. Recall that years ago, the meme coin Shiba Inu implemented such a mechanism, and since then the team and community have burned over 410.8 trillion units.
According to the X account BSCN, there is little chance that Pi Network will run such an extensive burn program. PiNews360 also rejected the possibility, saying:
“Pi Network is never going to burn tokens from its 100 billion PI total supply. Pi is never going to be 100% mined; it will take hundreds of years to fully mine. Pi is going to be successful as a long-term project because of its simple mobile mining technology and its growing ecosystem.
Pi is going to become one of the most widely used cryptocurrencies for day-to-day activities, developing in parallel with AI. Pi is going to be a tough competitor to BTC, ETH, and XRP. The day Pi starts burning its token supply could be the beginning of Pi’s collapse, due to the failure of its inclusive model for a massive community.”
The post Top Pi Network Price Predictions as PI Rises 13% in a Month appeared first on CryptoPotato.
Crypto World
Pencil Finance closes $1M on-chain lending cycle for 6,600 students
Student loan real-world asset (RWA) protocol Pencil Finance says it has completed its first “fully onchain” student lending cycle, deploying $1 million to fund education borrowers in Southeast Asia and then seeing repayments flow back to lenders.
In a Thursday announcement shared with Cointelegraph, the project described the full process as transparently recorded on the blockchain: capital was deployed onchain as a lender, borrowers repaid, and repayment was routed back to the bundle’s funders with yield.
Key takeaways
- Pencil Finance completed its first fully onchain student loan cycle using $1 million in deployed capital.
- The program supported about 6,600 students across 118 schools and universities in Southeast Asia.
- Funding was structured into senior (fixed returns) and junior (variable returns with first-loss risk) tranches.
- Pencil says roughly 1,050 students received direct funding, with 50% of borrowers female and 93% from lower-income households.
- The company frames the cycle as an example of blockchain-recorded lending for student financing that traditional lenders often overlook.
How Pencil Finance’s onchain loan cycle worked
Pencil Finance’s announcement centers on the mechanics of its student loan bundle being executed onchain from deployment through repayment. The protocol said it deployed $1 million in capital as a lender on the blockchain for a defined loan cycle, then received repayments from borrowers. Those repayments, according to the company, were distributed back to the bundle’s funders and produced yield.
The project also emphasized that the lending process was recorded onchain end to end, pointing to transparency as a core feature of the approach. Pencil claims the completed cycle is the first-ever “fully onchain lending cycle” that finances student loans with activity transparently captured on a blockchain network.
Tranche structure behind the $1 million bundle
While the overall figure is $1 million, Pencil’s program was funded through a structured tranche model. The company said the bundle was funded in July 2025 by Animoca Brands, Open Campus, and New Campus.
Under the arrangement described by Pencil, the capital was split into a senior tranche and a junior tranche. The senior tranche carries fixed returns, while the junior tranche provides variable returns and bears first-loss risk—meaning it is designed to absorb losses before the senior portion is impacted.
For investors and participants, this split is significant because it changes how risk and reward are distributed. Fixed-return exposure is paired with a loss-absorbing layer, which can make the senior tranche more attractive depending on the credit performance of the underlying borrowers, while still giving junior tranche holders potential upside commensurate with the added risk.
Who received financing, and where
Pencil Finance said the completed onchain loan cycle provided financing to roughly 6,600 students across 118 schools and universities in Southeast Asia. In its breakdown of direct funding, the protocol reported that about 1,050 of those students received direct funding.
Pencil also described borrower demographics and credit-gap positioning. The loans were intended for students underserved by traditional lenders, with the company reporting that 50% of borrowers were female and 93% came from lower-income households.
These figures matter because they frame the lending program not as a generalized education finance product, but as targeted support for segments that often struggle to access standard forms of credit. The scale across institutions—118 schools and universities—also suggests the protocol is aiming for broad distribution rather than a narrow pilot.
RWAs and tokenized credit: a broader trend
The Pencil announcement arrives as tokenized RWAs continue to move from theory into more operational examples—particularly in lending and asset-backed structures. In July, Cointelegraph reported that Brazil’s B3 stock exchange issued a loan denominated in 100,000 Brazilian reais (about $19,600), secured by “10 tokenized cows.” Each cow was represented by a unique digital token tied to an encrypted digital identity, while AI-powered smart collars from Cowmed were used to monitor each animal’s health. The comparison is useful because it highlights a recurring theme in the RWA sector: digitization of real-world collateral and processes to improve traceability and automation.
Student lending, however, differs from collateralized commodity examples. Instead of tokenizing a static asset like a cow, the onchain activity in Pencil’s model focuses on credit deployment, repayment flows, and the structured allocation of returns and risks across tranches. If the program’s claimed transparency and cycle execution can be repeated, it offers a blueprint for how tokenized credit could be operationalized for education financing—an area where data collection, verification, and enforcement are often the hardest parts for traditional lenders.
Still, several practical questions remain for observers: the long-term performance of the loans, how defaults (if any) affected tranche outcomes, and how the protocol scales the underwriting and administration needed to operate across many schools. Pencil says the first cycle is complete, but investors and partners will likely want to see follow-on cycles and more performance details over time.
For now, the key thing to watch is whether Pencil’s onchain lending flow—deployment, repayment routing, and tranche mechanics—holds up in subsequent cycles, and whether this model attracts additional capital for student borrowers in underserved regions.
Crypto World
Nvidia Stock: Chipmaker Buys Hugging Face
Nvidia (NVDA) on Thursday announced a deal to buy AI developer platform Hugging Face for $12.93 billion in the company’s largest acquisition. Nvidia stock rose a fraction. “Together, we will scale Hugging Face’s platform, strengthen its infrastructure and expand access to AI for developers and institutions worldwide,” Nvidia Chief Executive Jensen Huang said in a blog post. “Hugging Face will…
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Crypto World
Arthur Hayes Says Ignore Warsh and Watch EUR/JPY for Bitcoin’s Next Move
Arthur Hayes, the chief investment officer of crypto family office Maelstrom, said in an essay published Thursday that traders should stop paying attention to Fed Chair Kevin Warsh’s hawkish comments and instead watch the euro-yen exchange rate for early signs of fresh dollar liquidity.
He argued that mounting funding stress at French banks will eventually force the Federal Reserve to print money to keep the US repo market working, a dynamic he sees as bullish for Bitcoin and the wider crypto market.
Hayes Points to EUR/JPY as His Liquidity Gauge
Hayes said EUR/JPY, trading near 185 at the time of writing, will fall to 140 or lower by next June. He tied that forecast to Treasury Secretary Scott Bessent’s effort to weaken the euro and strengthen the currencies of US allies in Asia, meant to make American exports more competitive.
Rather than let Japan, South Korea, and Taiwan sell their dollar holdings outright, Hayes said the plan is to route that capital through the Fed’s FIMA repo facility, and he noted Bessent has already sold euros for yen through the Treasury’s Exchange Stabilization Fund.
The bigger risk, in his view, sits with French banks. He named BNP Paribas, Credit Agricole, and Societe Generale, which together handle roughly a fifth of US repo lending, and pointed to widening French government bond spreads and capital leaving French banks as signs that foreign lenders are pulling back.
If those banks retreat from repo lending, Hayes expects the New York Fed to lean harder on its RPM program, which already buys 39% of T-bill issuance, to keep the market funded.
That program has grown the balance sheet by about $22 billion a month since December, and Hayes said the pace could climb toward $100 billion if the Treasury steps up long-end bond purchases too.
He dismissed Warsh directly, writing, “I don’t pay attention to anything Warsh says.” Maelstrom’s portfolio, he added, keeps Bitcoin at its core long-term holding with year-end 2026 price targets of $10,000 for ETH and $0.50 for ENA.
A Hawkish Fed and a Choppy Bitcoin
Hayes’ essay comes about a week after Warsh’s hawkish Jackson Hole speech, which hit Bitcoin hard.
As CryptoPotato reported then, the OG cryptocurrency dropped by $3,000 within hours of that address, slipping under $77,000 after Warsh said the Fed’s 2% inflation target was “firm and fixed” and downplayed recent encouraging inflation data. Rate-hike odds for September then jumped from about a third to roughly 60% in the aftermath.
Bitcoin has stayed choppy since, with the asset turned away from $79,000 more than once before another leg down pushed it under $76,500, the lowest level in ten days, after renewed US-Iran strikes rattled markets.
However, at the time of writing, it had clawed its way back up and was trading closer to $78,000 than $77,000, pushing its gains over the last 30 days to almost 22%.
The post Arthur Hayes Says Ignore Warsh and Watch EUR/JPY for Bitcoin’s Next Move appeared first on CryptoPotato.
Crypto World
Australia is cracking down on crypto businesses as its strict new regulatory deadline nears

Firms that miss the deadline could breach financial services law from Oct. 1 and face civil or criminal penalties.
Crypto World
A ‘Too Big to Fail' Bank Is Now Delivering Actual Bitcoin and Ethereum to Institutions
Standard Chartered will now hand institutional clients real Bitcoin (BTC) and Ether (ETH) in the United Arab Emirates. Those clients receive the coins themselves, not a derivative that only tracks the price.
The bank announced the desk on Thursday through its Dubai arm. Only 29 lenders worldwide carry the too big to fail label. Just one of them now delivers coins.
Standard Chartered’s Bitcoin Desk Sits Inside a Too Big to Fail Bank
The Financial Stability Board names those 29 banks every year. Its 2025 list puts Standard Chartered in the lowest risk bucket, carrying a 1% capital surcharge.
JPMorgan sits three tiers above it. Citigroup and HSBC sit two. Standard Chartered says no rival G-SIB offers the same deliverable spot service.
The smallest of the systemic banks moved first, not the biggest. Deliverable may be the key word here, seeing as the client ends up holding Bitcoin. This means someone at the bank must move real coins and guard them.
The appeal is the fee stream. The bank earns on the spread, the settlement and the custody, rather than losing that revenue to crypto exchanges.
Why Dubai Got This Before New York
Standard Chartered built the Dubai stack in pieces. Custody came first, in September 2024, with hedge fund Brevan Howard Digital as its opening client.
Spot trading followed in London in July 2025. The bank then added USDC minting there in July 2026. Execution was the last gap.
Every step cleared the Dubai Financial Services Authority. All four launches happened in Dubai or London, never in the United States.
Rivals, meanwhile, are behind. Citi is still readying bitcoin custody, a service Standard Chartered has run for two years.
Banks are not chasing a rally. They are building while the price is low, for clients rich enough to qualify. Retail is nowhere on that list.
The post A ‘Too Big to Fail' Bank Is Now Delivering Actual Bitcoin and Ethereum to Institutions appeared first on BeInCrypto.
Crypto World
SoFi, Kraken tie up as crypto and banking push into each other's turf

Kraken is joining SoFi’s settlement network and list SoFiUSD as the companies link traditional banking with crypto markets.
Crypto World
Stock Market Today: Dow Rises As Treasury Yields Fall; Broadcom Dives
Futures for the Dow Jones Industrial Average and the other major stock indexes traded mixed Thursday, as Treasury yields cooled off from recent gains. Meanwhile, artificial intelligence stock Broadcom (AVGO) sold off on the stock market today after the company’s earnings report while Snowflake (SNOW) rocketed higher. Ahead of Thursday’s open, Dow futures rose 0.2%, while S&P 500 futures hovered…
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Crypto World
UMH Stock: Manufactured Home REIT Is In A Buy Zone
For investors seeking a high-yield real estate investment trust that can hold up even if the economy weakens, UMH Properties (UMH) looks like a strong candidate — and the stock is currently in a buy zone. Headquartered in Freehold, N.J., UMH is a REIT specializing in manufactured home communities. The company owns a portfolio of 145 communities with more than…
Copyright ©2026 Investor’s Business Daily, LLC. All rights reserved. 87990cbe856818d5eddac44c7b1cdeb8
Crypto World
China hits back at G20 pressure over exports and trade imbalances
A Chinese flag flutters on top of the Great Hall of the People ahead of the opening ceremony of the Belt and Road Forum (BRF), to mark 10th anniversary of the Belt and Road Initiative, in Beijing, China October 18, 2023.
Edgar Su | Reuters
BEIJING — China has accused other G20 nations of “promoting protectionism,” after they criticized economies that rely heavily on exports.
U.S. Treasury Secretary Scott Bessent on Tuesday said 19 of the G20 members agreed to address the “unsustainable equilibrium” resulting from a “stream of cheap exports.” China was the only G20 member to dissent from a joint statement over references to such “imbalances.”
The Commerce Ministry on Thursday pushed back on trade complaints from the U.S. and Europe, calling them “an excuse to pressure and restrict China.”
“China believes that taking advantage of the G20 and other multilateral mechanisms to hype up so-called ‘economic imbalances’ and ‘overcapacity’ is essentially promoting protectionism,” Ling Huang, Commerce Ministry spokesperson, said in Chinese, translated by CNBC.
“China is firmly opposed,” she said during a weekly press conference. “This will only disrupt the global economic and trade order, and harm the healthy development of the global economy.”
The words come amid a flurry of different multilateral meetings and growing anticipation for Chinese President Xi Jinping’s trip to Washington, D.C. later this month.
When asked by CNBC about the latest U.S. anti-Iran sanctions, which can extend beyond Iranian entities to foreign companies or individuals accused of helping Iran, Huang said the U.S. should “immediately correct its wrong practices and lift sanctions against relevant Chinese companies and citizens.”
“Despite repeated requests from China, the U.S. has used Iran as an excuse for repeatedly imposing sanctions on Chinese companies and citizens, to which China is strongly dissatisfied and firmly opposes,” she said.
Early last week, Bessent announced that any entity, including Chinese banks, that facilitates money laundering or sanctions evasion on behalf of Iran could be cut off from the U.S. financial system.
Huang on Thursday also urged France to halt implementation of a new law aimed at curbing the low prices charged by Chinese e-commerce companies such as Temu.
“If France persists in its course of action, China will take necessary measures to safeguard the legitimate rights and interests of Chinese enterprises, and France will bear all consequences,” she said.
China and the European Union more broadly have also been engaged in trade talks this summer as Europe wants to reduce its record trade deficit with China by October. EU Trade Commissioner Maroš Šefčovič warned in an interview with Euronews this week that Beijing must deliver “concrete results” by October or face “harsher measures.”
Huang said China is willing to work with the EU, but said demands should not be made unilaterally, and threats should not be made to close markets.
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